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Calculate cost of goods manufacturing and cost of goods sold based on the following data belo

Calculate cost of goods manufacturing and cost of goods sold based on the following data belo

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...
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Calculate cost of goods manufacturing and cost of goods sold based on the following data belo

The following data is available for Kaz Company for the year ended 2020. Finished goods inventory, beginning $ Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities Administrative salaries Indirect labor Repairs -factory equipment Raw material purchases Advertising expenses Sales Cash Notes payable Kaz Co. 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,101 15,700 19,450
Transcribed Image Text:The following data is available for Kaz Company for the year ended 2020. Finished goods inventory, beginning $ Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities Administrative salaries Indirect labor Repairs -factory equipment Raw material purchases Advertising expenses Sales Cash Notes payable Kaz Co. 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,101 15,700 19,450
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